USOIL. Targeting a rebound and, eventually, a mid-term run

I believe USOIl will hit 42 ish next week and that will mark a beginning of a nice bullish run. Eventually, we will not target only 47 ish which is the TP2 for a Cypher pattern but go beyong 52.

The red line at 52 is a historical trend line which comes from the 90s. As you can see, market watches it closely so it acts as an important separation level between bulls and bears. We keep on bear terrotiry but hopefully, it will start changing next week and be like this for some months in front.

I may be a bit early on this, but shorted OIL via DWTI today at 2:30 after DWTI kept support at its 61.8 retracement. Didn't go all-in but wanted to initiate a position based on the RSI and Stoch on the 15 min.